Original Art Deco With Huge Potential

NORTH MELBOURNE 496-498 Dryburgh Street

OVERVIEW

Description

Sitting high on prestigious Hotham Hill is this original blonde brick art deco building comprising two individual two bedroom, one bathroom apartments currently on periodic leases. Presenting endless possibilities, for visionary inner city property buyers searching for a unique and rewarding renovation and restoration project, the entire apartment building would benefit immensely from sympathetic modernisation while still retaining its art deco heritage appeal. Alternatively it offers amazing scope as an impressive single dwelling conversion, for families keen to embrace a vibrant, convenient North Melbourne lifestyle, or development opportunity for astute investors (STCA). Adjacent to De Gruchys Lane, paved with bluestone cobbles, the property also boasts potential for side right of way. The apartments are identical in size and layout, with one ground level and the other accessed by semi-enclosed stairwell, featuring glass bricks, both have access to a rear courtyard. Decorative cornices, tapestry brick fire surrounds and original windows feature in the lounge rooms, along with separate kitchen/meals zones, serviceable bathrooms and double bedrooms with built-in-robe. Boasting a placement within the coveted University High school zone, it's also close to St Michaels Primary, Aloysius College, cafes, Errol Street shops, trams, scenic Royal Park, university and hospital precincts, CityLink and airports. Inspection will inspire.